According to the public record, 7, Wayside Close, Romford is a early-century freehold house with 1,571 ft2 of internal area and sits on a 689 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Wayside Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
7, Wayside Close, Romford has a single entry in the Land Registry database from July 2015 and a single entry in the EPC database dated February 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Wayside Close Romford as £719,651 and the rental value as £2,758 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 7 Wayside Close Romford has decreased by £21,089 (2.9%) and its rental value has increased by £84 per month (3.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Wayside Close, Romford is in very good condition we estimate a sale value of £755,633 and rental value of £2,896 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £669,275 and a rental value of £2,565 per month.
If you were able to purchase this property for the estimated value of £719,651, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,537 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 7, Wayside Close, Romford sits on a plot of 689m2.
We have plot size data on 7 out of 16 other houses in the postcode and 7, Wayside Close, Romford sits on the 6th largest plot.
According to HM Land Registry, 7, Wayside Close, Romford was last sold on 16 Jul 2015 for £580,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2015, the market for similar properties has risen 26.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Wayside Close, Romford within a radius of 690 metres over the last 2 years.
The most recent example is 44, Pettits Lane, Romford, RM1 4HA, a Freehold house which sold for £660,000 in Mar 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wayside Close, Romford, RM1 has a total of 16 addresses. According to our analysis of all the public data, 7, Wayside Close, Romford is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £326k more expensive than the average property in RM1.
7, Wayside Close, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Feb 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 7, Wayside Close, Romford is Gidea Park station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Wayside Close, Romford, 48.4% of property is privately owned outright and 48.4% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Wayside Close, Romford, 18.0% of residents are recorded as possessing school level qualifications and 33.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Wayside Close, Romford, the average age was 44 and the most common age was 57.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Wayside Close, Romford, 1.1% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Wayside Close, Romford, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.